Topic: Are bounty participant really the cause of dumping coins? (Read 1609 times)
No, they are not. The presale investors and the bad market is the cause of dumping an ICO coin. Bounty hunters get only 1-2% of total sold tokens and therefore many hunters don't sell their coins immediately, they hodl for the future. So, Some bounty hunters can't dump millions of USD, It's because of the bad market or for the presale investors.
I can't say yes and no, because there must be some people who will immediately sell the coins they get from the bounty and there are also people who hold the coins they get from the bounty, besides that the allocation of the bounty is not too large from the total sales so even though the price dropped because the bounty hunter sold it cheaply but it doesn't have a huge influence at market price.
They dump it because the want a real money ( local tangible money ), they don't want to hold some useless altcoins specially if they see the future of the project. For me, as a bounty hunter... I have a lot of experience on that, so I see a lot of wasted project around the market. Even if I want to hodl it, there's a doubt on my head that this project never make any profitable income. But it also a case to case basis, if I see the project is well prepared and has a lot of roadshow or seminar activity. It will be more interesting to have a share on their products. Just a few, but I can hold if that is deserving to.
I can't say yes and no, because there must be some people who will immediately sell the coins they get from the bounty and there are also people who hold the coins they get from the bounty, besides that the allocation of the bounty is not too large from the total sales so even though the price dropped because the bounty hunter sold it cheaply but it doesn't have a huge influence at market price.
I do not think that's the real cause. You mean when they get the free coins from the bonus campaign they are willing to sell the coins. That's not to say, everyone wants to sell at high prices to make money. Actually participating in bonuses campaign is also very hardworking takes a lot of time.
Not all bounty hunters are cause of dumping the price of the coins depends also to the investor everyone have responsibility to hold the coin that they have if they want to see that increasing.
Bounty hunters dump their coins for sure (not all of them) but sometimes investors with huge bonuses from pre-sale also do the same. Depending on bounty allocation it can have only a short term effect on the price. If the project is high performing the investors can be even thankful to the hunters for the chance to get some additional cheap coins below the ICO price. Some ICOs on the other hand blame hunters for the price crash to excuse for the project failure.
Bounty participants can naturally use the coins given, they have worked to spend time and energy, no money is wasted to be distributed to the bounty participants. maybe the work of the bounty participants takes a little longer to be enjoyed by investors
In my view, early investors were rewarded. These dumping are often released by them. It's not bounty hunters dumping.
According to me, sometimes it happens. Cause if any projects provide bounty campaign and give payments to all bounty hunters. Then after project get listed on exchange bounty hunters start selling coin very fastly. That's why price of that coin dump badly.
Sometimes they are the ones that end up dumping the coins and other times they are not the ones,now you cannot say that bounty hunters are the ones causing the price dump of the coins since the projects are not even paying out the coins that they have promised so there is no coin to dump in the first place. Prices of coins dump, it is normal
Of course not. I'll tell you a secret, projects pay much more exchanges for the appearance of the coin than the percentage that they pay bounty hunters.
This is not true because we have so many coins which the prices didn't dump and bounty participants also dump. So many factors behind the cause of price dump. Most of those coins doesn't have clear cut usecase which can help make the demand for such coin to increase because increase in demand translate to increase in price.
At the first time they know how bounty work.some hunter need fresh money and some hunter will hold their altcoin. Bounty program reserve only 1-10%, yes its will dump for the first distribution to bounty but it's only for several days.
This is a well-established erroneous opinion that it is the participants of the bounty who are responsible for the fall in price when the coin appears on the market. But this is a fallacy. Anyone who thinks so is a victim of untruthful information.
Not all of them dump. Some of them keep their coins for future. Because they know hodling is the best strategy in crypto markets.
For my little exposure to some ICO's has made me notice from many investors apportioning most blame on bounty participant as the main cause of dumping coin on market far less than ICO prices. Some claim since they really dash them the coin for free they really do not care about the market but rather dump them and go their way leaving the fate of genuine investors and managers at the mercy of this dumped coins. But i truly believe that bounty participant really engage their time and earn these coins of which some really don't dump just like that. What is the actual cause of dumping of most ICO coins, is it a matter of bounty participant, investors or on the part ICO managers concept of plan for these coins?
It has some effect however, we all know that only a portion of the total supply is distributed for the bounty, and not all bounty hunters dump their tokens right away. I think it's most investors fault. Some investors want quick profit, as soon as a coin hits an exchange some investors sell what they have bought since they had a big discount for buying early stage in the ICO.
Have you seen the approximate volumes that appear on the exchanges on the first day of trading? It is a much higher percentage of bounty hunters.
It can be a reason that bounty hunters sell there earnings immediately, but coins need to look at their bonus structure during the token sale because in the first phases it can be very high.
In majority,the causes of dump in market are those investors and participants in where they are already afraid for those scams and hackers .But as market will bounceback again I believe they will able to comeback for the opportunities in earning money.
It's sad that bounty hunters usually get the blame when a coin is not performing forgetting that huge investors who got bogous bonuses easily sell off once the coin is listed. Bounty hunters are only paid a fraction of what these investors get as bonus, most time bounty hunters are paid months after the coin has been listed.
It can be a reason that bounty hunters sell there earnings immediately, but coins need to look at their bonus structure during the token sale because in the first phases it can be very high.
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